Explanation
Background: This ordinance amends the Annexation Agreement originally entered between the City of Columbus and the Rickenbacker Port Authority ("RPA") on September 9, 1996 which by its terms expires at the end of 2007. The RPA was merged with the Columbus Municipal Airport Authority and the new entity, renamed the Columbus Regional Airport Authority, assumed the obligations of the RPA under the Annexation Agreement. Those obligations included the annexation to the City of present and future RPA property. It is necessary therefore to amend the Agreement to extend its term for an additional five (5) year period and to provide for the annexation of additional property to the City.
Fiscal Impact: No funding is required for this legislation.
Title
To authorize the Mayor of the City of Columbus to execute an Amendment to the Annexation Agreement between the City of Columbus and the Columbus Regional Airport Authority to extend the term thereof and for other provisions, to execute any and all other documents and instruments necessary and incident thereto; and to declare an emergency.
Body
WHEREAS, the City of Columbus and the Rickenbacker Port Authority, now the Columbus Regional Airport Authority, did enter into an Annexation Agreement on September 9, 1996 providing, inter alia, for the annexation of present and future Port Authority property to the City; and
WHEREAS, the Agreement by its terms expires on December 31, 2007, and the parties deem it necessary and advisable to extend the term for an additional five (5) years, and to include the annexation of additional property and other provisions necessary and incident thereto; and
WHEREAS, the Council of the City of Columbus deems it to be in the best economic interests of the City, and for the further reason that the approaching expiration of the Agreement presents an emergency in the usual operations of the City such that authority to extend the Agreement should be aut...
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